Just attended a local USTLA three-day training last week.   

The lease, however, defines this "fee" as three months rent. 

With all three rooms rented, we make about 2.9k per month.Now that you are all caught up, at the moment all three rooms are rented.

My goal is to start with a quadplex, move into one unit and fix up the other three.

You've contributed all of three posts to this community.

This could include charging a larger deposit or last month's rent or the first three months up front or whatever.

BP library gives a huge boost into the knowledge area which is pretty much sufficient to get comfortable in investing and help find a sweet spot where you could use your background to shift the area. 

But there is more types of cash flow than dealing with the three Ts .. so maybe some diversification could be in Order for the experienced investor.

You may also find certain markets where alternative rent strategies (MTR, STR, rent by room, etc) produce enough extra income to justify the increased work involved but the difference in income from the different rent strategies in many markets is just sufficient to justify the increase in effort involved.$100k is going to be challenging in coastal CA cities.  

Perhaps a tool like this could help spot supply-demand imbalances and/or misspriced lots; then those under-$40k lots (avg) could be bought & resold for 1.3-1.5x.Here's a public test of the currently listed lots, three per state, suggested by the tool:GA:- https://www.realtor.com/realestateandhomes-detail/Ralston-Ga...- https://www.realtor.com/realestateandhomes-detail/71-Laurel-...- https://www.realtor.com/realestateandhomes-detail/Aubery-Ln-...ME:- https://www.realtor.com/realestateandhomes-detail/68-Quarry-...- https://www.realtor.com/realestateandhomes-detail/9-Surry-By...- https://www.realtor.com/realestateandhomes-detail/Sunset-Hil...NC:- https://www.realtor.com/realestateandhomes-detail/Old-Crows-...- https://www.realtor.com/realestateandhomes-detail/Turkey-Run...- https://www.realtor.com/realestateandhomes-detail/Bear-Cliff...NY:- https://www.realtor.com/realestateandhomes-detail/Hemlock-Ln...- https://www.realtor.com/realestateandhomes-detail/Middlefiel...- https://www.realtor.com/realestateandhomes-detail/231-Burke-...PA:- https://www.realtor.com/realestateandhomes-detail/Purple-Mar...- https://www.realtor.com/realestateandhomes-detail/14-Pocono-...- https://www.realtor.com/realestateandhomes-detail/Billy-Ln-L...VA:- https://www.realtor.com/realestateandhomes-detail/Dillards-H...- https://www.realtor.com/realestateandhomes-detail/Egypt-Bend...- https://www.realtor.com/realestateandhomes-detail/Riverbend-...The areas where the tool "looks" were pre-screened.